Updated Dec 4, 2024
Marsi Richter & Mary Menard Close $1.175M Mountain Lakes Land Deal
266 Boulevard
$1,175,000
Building Size
—
Asset Type
Land
Closing
Apr 22, 2024
About this deal
AI
In Mountain Lakes, 266 Boulevard, a land asset spanning 0.73 acres, was sold for $1,175,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,175,000
- Address: 266 Boulevard
- Market: Mountain Lakes
- Asset Type: Land ~ ACRES: 0.73
Marsi Richter of Coldwell Banker represented the buyer, while Mary Menard, represented by Compass, acted as the seller's representative.
The land sale at 266 Boulevard in Pompton Plains, New Jersey sold for $1.2M in 2024. 266 Boulevard is classified as Land on Traded. Mary Menard, Marsi Richter, Coldwell Banker, Compass appear on the sale alongside Coldwell Banker, Compass. This page is the Pompton Plains, New Jersey file for the 266 Boulevard land sold: pricing, party profiles, and other closed land comps from the same Pompton Plains sit in the Market section below. Filter that Pompton Plains land set by closing date to see what else sold near 266 Boulevard around 2024. Published consideration for 266 Boulevard is $1.2M, dated 2024. Cite this Marsi Richter & Mary Menard Close $1.175M Mountain Lakes Land Deal sale when underwriting similar land product around Pompton Plains, New Jersey.
Players
Pompton Plains Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93